topic Re: Citi, Cap1 questions in Credit Cards

Citi, Cap1 questions

addicted_to_credit — Thu, 27 Feb 2020 20:32:54 GMT

So the DGF in interested in expanding her collection the citi cards offered to her all have a solid APR and it's the lowest citi offers on what ever card they are showing.

Cap1 is offering the Quicksilver, Venture, Savor and Savor one.

If I remember correctly the venture is a minimum 5k SL?

if / when she decides to pull the trigger what would give her the most juice for the squeeze?

total income for her is in the 60-70k range and all Fico 8's are 760+ range

she has store cards backed by both Cap1 and Citi if that helps

Re: Citi, Cap1 questions

pinkandgrey — Thu, 27 Feb 2020 20:35:28 GMT

If the primary concern is the highest possible SL, the Venture or Savor (not Savor One) would probably be your best bet. Citi can be a little more stingy and Cap1 tends to hand out its biggest limits with the Venture and Savor (the AF cards). Of course there are exceptions everywhere, but that seems to be the trend.

Good luck to her!!

Re: Citi, Cap1 questions

addicted_to_credit — Thu, 27 Feb 2020 20:49:46 GMT

Thank you pinkandgrey, and in true forum fashion I'll definitely update what she decides to do and gets!

Re: Citi, Cap1 questions

Anonymous — Thu, 27 Feb 2020 20:55:37 GMT

Yes, both the Venture and Savor have a 5k minimum.

Re: Citi, Cap1 questions

Remedios — Thu, 27 Feb 2020 21:46:37 GMT

@addicted_to_credit wrote:
So the DGF in interested in expanding her collection the citi cards offered to her all have a solid APR and it's the lowest citi offers on what ever card they are showing.

Cap1 is offering the Quicksilver, Venture, Savor and Savor one.

If I remember correctly the venture is a minimum 5k SL?

if / when she decides to pull the trigger what would give her the most juice for the squeeze?

total income for her is in the 60-70k range and all Fico 8's are 760+ range

she has store cards backed by both Cap1 and Citi if that helps

There really is no way to guess without more info on her profile such as number of cards, when they were opened, utilization on them, are they all store cards, any negatives, limits on her existing cards.

Cant squeeze the juice if you dont know where the fruit is

QS and Savor One, I've seen approvals as low as $1000.00.

Venture, I believe is $5000.00

Re: Citi, Cap1 questions

addicted_to_credit — Thu, 27 Feb 2020 22:57:22 GMT

Highest limit is 12500 mostly every thing is paid off just waiting on updates to the CB's she owes a little over 1k on a 7.8k Card. She kinda shot herself in the foot when she transferred 3500 onto discover which has a 4K limit-- it's paid off now just hasn't reported yet

below is the cards she currently has

Re: Citi, Cap1 questions

Remedios — Thu, 27 Feb 2020 22:09:38 GMT

Dang, you were prepared

As long as there aren't too many new accounts, she should be okay with both.

I wouldn't get Venture just because of guaranteed $5K.

It's not that much to begin with, and if she has no use for it later, it's kinda wasted app.

Does she travel or eats out?

Premier has a great SUB, there is $95 AF, and if she doesnt want to keep it, she could do a PC.

Has she tried for Disco CLI and everyone else who does SP CLIs?

Definitely wait till all three CRA update pay offs.

Re: Citi, Cap1 questions

AllZero — Thu, 27 Feb 2020 22:15:29 GMT

Has DGF considered a 2nd Navy card? I'm sure she can squeeze a lot of SL juice.

Re: Citi, Cap1 questions

addicted_to_credit — Thu, 27 Feb 2020 22:16:05 GMT

@Remedios wrote:
Dang, you were prepared

As long as there aren't too many new accounts, she should be okay with both.
I wouldn't get Venture just because of guaranteed $5K.
It's not that much to begin with, and if she has no use for it later, it's kinda wasted app.
Does she travel or eats out?
Premier has a great SUB, there is $95 AF, and if she doesnt want to keep it, she could do a PC.

Has she tried for Disco CLI and everyone else who does SP CLIs?

Definitely wait till all three CRA update pay offs.

You should see the complete list 😬

we like to eat out and normally when she travels I just burn some airline miles and hotel points. Lately we've started up a mini ranch and have spent 1,000's on buildings and fences I wish a farmer card existed!

Re: Citi, Cap1 questions

addicted_to_credit — Thu, 27 Feb 2020 22:18:11 GMT

@AllZero wrote:
Has DGF considered a 2nd Navy card? I'm sure she can squeeze a lot of SL juice.

We tried a cli on her platinum the other night and she didn't get it, I think she may have pulled that trigger a hair too soon, she is considering a second card but we shall see.

Re: Citi, Cap1 questions

Anonymous — Thu, 27 Feb 2020 22:20:36 GMT

What's DGF?

@addicted_to_credit wrote:
@AllZero wrote:
Has DGF considered a 2nd Navy card? I'm sure she can squeeze a lot of SL juice.
We tried a cli on her platinum the other night and she didn't get it, I think she may have pulled that trigger a hair too soon, she is considering a second card but we shall see.

Re: Citi, Cap1 questions

Anonymous — Thu, 27 Feb 2020 22:20:45 GMT

@Anonymous wrote:
Yes, both the Venture and Savor have a 5k minimum.

Savor has a $2K minimum.

If DGF is prequalified for Venture though, it's very likely that any card will get a $5K+ SL.

Re: Citi, Cap1 questions

addicted_to_credit — Thu, 27 Feb 2020 22:28:22 GMT

@Anonymous wrote:
What's DGF?
@addicted_to_credit wrote:
@AllZero wrote:
Has DGF considered a 2nd Navy card? I'm sure she can squeeze a lot of SL juice.
We tried a cli on her platinum the other night and she didn't get it, I think she may have pulled that trigger a hair too soon, she is considering a second card but we shall see.

Dear girl friend

Re: Citi, Cap1 questions

Anonymous — Fri, 28 Feb 2020 02:22:31 GMT

Be careful going for the Savor unless the annual fee makes sense. Recent anecdotes suggest Capital One is less willing to downgrade people from the Savor to the Savor One. You'd have to spend > $9500 per year in the 4% categories to make it worth it.

Some posts suggest that the Savor One has a lower limit. That's not always the case. Based on my own account and lots of posts by others, it looks like Savor One cards get the same limit as you'd get with the Savor *as long as your profile and debt/income are good.* My own Savor One was approved at $20,000 in late 2018. Others have posted with approvals in the $10k to $30k range, the same range as a lot of Savor and Venture approvals.

That said, it appears that recent approvals haven't been as generous as late 2018. Or, possibly we've exhausted the supply of members here who'd qualify at that range. Also, Capital One has made sort of a shadow lower-end version of the Savor One, a subprime one if you will, with approvals as low as $500 and maybe up to $2500...

Take from that what you will. Just wanted to point out that a very solid PRIME applicant shouldn't have a difference between the Savor and Savor One. Whether either of those fits your spend, that's a whole other question.